Reconstitution of a Partnership Firm – Admission of a Partner

CBSE Class 12 Accountancy · every board question from this chapter, 2023–2026

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Dharam and Karan were partners in a firm sharing profits and losses in the ratio of 7: 3. On 1st April, 2025, they admitted Vinod…2026
The books of Mehul and Barkha showed that their capital employed on 31st March, 2025 was ₹ 6,00,000. If the normal profits are ₹…2026
Anup, Bharti and Manoj were partners in a firm sharing profits and losses in the ratio of 11: 8: 1. From 1st April, 2025, they…2026
The books of Arya and Dev showed that their capital employed on 31st March, 2025 was ₹ 9,00,000. If the normal profits are ₹…2026
Sujata and Laxmi were partners in a firm sharing profits and losses in the ratio of 2: 1. On 1st April, 2025, they admitted Raghu…2026
The books of As fish and Vishesh showed that their capital employed on 31st March, 2025 was ₹ 4,00,000. If the normal profits are…2026
Sujata and Laxmi were partners in a firm sharing profits and losses in the ratio of 2: 1. On 1st April, 2025, they admitted Raghu…2026
P, Q and R were partners in a firm sharing profits and losses in the ratio of 6: 5: 4. They admitted S as a new partner for 1/8th…2026
Assertion: Goodwill is an intangible asset. Reason (R): Goodwill is the value of the reputation of a firm in respect of profits…2026
There are two statements Assertion and Reason (R): Assertion: At the time of admission of a new partner in a partnership firm,…2026
Assertion: In case of admission of a new partner in the partnership firm, there is a need to ascertain the new profit sharing…2026
Assertion: Goodwill is an intangible asset. Reason (R): Goodwill is the value of the reputation of a firm in respect of profits…2026
Guru and Prakash were partners in a firm sharing profits and losses th in the ratio of 7: 3. They admitted Anu as a new partner…2026
Atul and Nisha were partners in a firm sharing profits and losses in the ratio of 4: 1. Their capitals were ₹ 1,20,000 and ₹…2026
Chaman and Vatika were partners in a firm sharing profits and losses in the ratio of 4: 5. They admitted Mohan as a new partner…2026
Chaman and Vatika were partners in a firm sharing profits and losses in the ratio of 4: 5. They admitted Mohan as a new partner…2026
Mansi and Uma were partners in a firm and their capitals were 4,00,000 and ₹ 2,00,000 respectively. Normal rate of return in a…2026
Chaman, Raman and Suman were partners in a firm sharing profits and losses in the ratio of 5: 3: 2. With effect from 1st April,…2026
Yashoda and Devi were partners in a firm sharing profits and losses in the ratio of 3: 2. On 31st March, 2025, their balance…2026
Tanay and Ishaan were partners in a firm and their capitals were ₹ 4,00,000 and ₹ 1,00,000 respectively. Normal rate of return in…2026
Asha, Manan and Niyati were partners in a firm sharing profits and losses in the ratio of 3: 2: 1. With effect from 1st April,…2026
Soni and Kush were partners in a firm sharing profits and losses in the ratio of 4: 5. Hitesh was admitted as a new partner for…2026
Aashree and Manvi were partners in a firm and their capitals were ₹ 6,00,000 and ₹ 4,00,000 respectively. Normal rate of return…2026
Guru and Prakash were partners in a firm sharing profits and losses th in the ratio of 7: 3. They admitted Anu as a new partner…2026
A business earned an average profit of ₹ 2,00,000 during the last few years. The value of net assets of the business is ₹…2026
Rohan and Meeta were partners in a firm sharing profits and losses in the ratio of 5: 4. Their capitals were ₹ 3,00,000 and ₹…2026
Chandan, Ravi and Mahesh were partners in a firm sharing profits and losses in the ratio of 5: 4: 1. From 1st April, 2025 they…2026
Anup, Bharti and Manoj were partners in a firm sharing profits and losses in the ratio of 11: 8: 1. From 1st April, 2025, they…2026
Atul and Nisha were partners in a firm sharing profits and losses in the i T ratio of 4: 1. Their capitals were ₹ 1,20,000 and ₹…2026
Devki and Neena were partners in a firm sharing profits and losses in the ratio of 4:3. Amar was admitted as a new partner for…2026
Yashoda and Devi were partners in a firm sharing profits and losses in the ratio of 3: 2. On 31st March, 2025, their balance…2026
Asha, Manan and Niyati were partners in a firm sharing profits and losses in the ratio of 3: 2: 1. With effect from 1st April,…2026
Anup, Bharti and Manoj were partners in a firm sharing profits and losses in the ratio of 11: 8: 1. From 1st April, 2025, they…2026
Guru and Prakash were partners in a firm sharing profits and losses th in the ratio of 7: 3. They admitted Anu as a new partner…2026
P, Q and R were partners in a firm sharing profits and losses in the ratio of 6: 5: 4. They admitted S as a new partner for 1/8th…2026
A business earned an average profit of ₹ 2,00,000 during the last few years. The value of net assets of the business is ₹…2026
Rohan and Meeta were partners in a firm sharing profits and losses in the ratio of 5: 4. Their capitals were ₹ 3,00,000 and ₹…2026
Asha, Manan and Niyati were partners in a firm sharing profits and losses in the ratio of 3: 2: 1. With effect from 1st April,…2026
Assertion: In case of admission of a new partner in the partnership firm, there is a need to ascertain the new profit sharing…2026
Chaman, Raman and Suman were partners in a firm sharing profits and losses in the ratio of 5: 3: 2. With effect from 1st April,…2026
There are two statements Assertion and Reason (R): Assertion: At the time of admission of a new partner in a partnership firm,…2026
Sujata and Laxmi were partners in a firm sharing profits and losses in the ratio of 2: 1. On 1st April, 2025, they admitted Raghu…2026
Dharam and Karan were partners in a firm sharing profits and losses in the ratio of 7: 3. On 1st April, 2025, they admitted Vinod…2026
A business earned an average profit of ₹ 2,00,000 during the last few years. The value of net assets of the business is ₹…2026
Soni and Kush were partners in a firm sharing profits and losses in the ratio of 4: 5. Hitesh was admitted as a new partner for…2026
There are two statements Assertion and Reason (R): Assertion: At the time of admission of a new partner in a partnership firm,…2026
Devki and Neena were partners in a firm sharing profits and losses in the ratio of 4:3. Amar was admitted as a new partner for…2026
Soni and Kush were partners in a firm sharing profits and losses in the ratio of 4: 5. Hitesh was admitted as a new partner for…2026
Chandan, Ravi and Mahesh were partners in a firm sharing profits and losses in the ratio of 5: 4: 1. From 1st April, 2025 they…2026
Atul and Nisha were partners in a firm sharing profits and losses in the ratio of 4: 1. Their capitals were ₹ 1,20,000 and ₹…2026
Chaman and Vatika were partners in a firm sharing profits and losses in the ratio of 4: 5. They admitted Mohan as a new partner…2026
Assertion: In case of admission of a new partner in the partnership firm, there is a need to ascertain the new profit sharing…2026
Assertion: Goodwill is an intangible asset. Reason (R): Goodwill is the value of the reputation of a firm in respect of profits…2026
Devki and Neena were partners in a firm sharing profits and losses in the ratio of 4:3. Amar was admitted as a new partner for…2026
Chandan, Ravi and Mahesh were partners in a firm sharing profits and losses in the ratio of 5: 4: 1. From 1st April, 2025 they…2026
Chaman, Raman and Suman were partners in a firm sharing profits and losses in the ratio of 5: 3: 2. With effect from 1st April,…2026
P, Q and R were partners in a firm sharing profits and losses in the ratio of 6: 5: 4. They admitted S as a new partner for 1/8th…2026
Rohan and Meeta were partners in a firm sharing profits and losses in the ratio of 5: 4. Their capitals were ₹ 3,00,000 and ₹…2026
Dharam and Karan were partners in a firm sharing profits and losses in the ratio of 7: 3. On 1st April, 2025, they admitted Vinod…2026
Yashoda and Devi were partners in a firm sharing profits and losses in the ratio of 3: 2. On 31st March, 2025, their balance…2026
Average profit of a firm during the last few years is ₹ 4,00,000. In similar business, the normal rate of return is 10% of the…2026
Average profit of a firm during the last few years is ₹ 8,00,000. In similar business, the normal rate of return is 10% of the…2026
Average profit of a firm during the last few years is ₹ 11,00,000. In similar business, the normal rate of return is 10% of the…2026
Average profits of a firm during the last few years were ₹ 3,20,000. The normal rate of return in a similar business is 10%. If…2026
Average profits of a firm during the last few years were ₹ 80,000. The normal rate of return in a similar business is 10%. If the…2026
Dhruv and Seema were partners in a firm sharing profits and losses in the ratio of 2: 3. Their capitals were 18,00,000 and ₹…2026
Rita and Mohit were partners in a firm sharing profits and losses in the ratio of 7: 3. Their capitals were ₹ 7,00,000 and ₹…2026
Average profits of a firm during the last few years were ₹ 1,60,000. The normal rate of return in a similar business is 10%. If…2026
Akash and Mita were partners in a firm sharing profits and losses in the ratio of 5: 3. Their capitals were ₹ 9,00,000 and ₹…2026
Jain and Gupta were partners in a firm sharing profits and losses in the ratio of 3: 1. On 1st April, 2024, Agarwal was admitted…2026
Raman, Daman and Vikram were partners in a firm sharing profits and losses in the ratio of 5: 4: 1. On 31st March, 2025, their…2026
Vikas, Saurav and Govind were partners in a firm sharing profits and losses in the ratio of 2: 3: 5. On 31st March, 2025, their…2026
Jain and Gupta were partners in a firm sharing profits and losses in the ratio of 3: 1. On 1st April, 2024, Agarwal was admitted…2026
Jain and Gupta were partners in a firm sharing profits and losses in the ratio of 3: 1. On 1st April, 2024, Agarwal was admitted…2026
Namrata, Bhavi and Surbhi were partners in a firm sharing profits and losses in the ratio of 5: 3: 2. On 31st March, 2025, their…2026
Asha and Indra were partners in a firm sharing profits and losses in the ratio of 3: 2. Their Balance Sheet on 31st March, 2025…2026
Anand and Bir were partners in a firm sharing profits and losses in the ratio of 3: 2. On 31st March, 2025, their Balance Sheet…2026
Arjun and Kavya were partners in a firm sharing profits and losses in the ratio of 3: 2. Their Balance Sheet as at 31st March,…2026
Sanjay and Vijay were partners in a firm sharing profits and losses in the ratio of 4: 3. On 1st April, 2025 they admitted Babul…2026
Arjun and Kavya were partners in a firm sharing profits and losses in the ratio of 3: 2. Their Balance Sheet as at 31st March,…2026
Asha and Indra were partners in a firm sharing profits and losses in the ratio of 3: 2. Their Balance Sheet on 31st March, 2025…2026
Anand and Bir were partners in a firm sharing profits and losses in the ratio of 3: 2. On 31st March, 2025, their Balance Sheet…2026
Sanjay and Vijay were partners in a firm sharing profits and losses in the ratio of 4: 3. On 1st April, 2025 they admitted Babul…2026
Mitali and Karan were partners in a firm sharing profits and losses in the ratio of 3:2. Their Balance Sheet as on 31st March,…2026
Promil, Kamlesh and Ritika were partners in a firm sharing profits and losses in the ratio of 5: 3: 2. From 1st April, 2025 they…2026
Arjun and Kavya were partners in a firm sharing profits and losses in the ratio of 3: 2. Their Balance Sheet as at 31st March,…2026
Mitali and Karan were partners in a firm sharing profits and losses in the ratio of 3:2. Their Balance Sheet as on 315 March,…2026
Asha and Indra were partners in a firm sharing profits and losses in the ratio of 3: 2. Their Balance Sheet on 31st March, 2025…2026
Mitali and Kazan were partners in a firm sharing profits and losses in the ratio of 3:2. Their Balance Sheet as on 313 March,…2026
Anand and Bir were partners in a firm sharing profits and losses in the ratio of 3: 2. On 31st March, 2025, their Balance Sheet…2026
Promil, Kamlesh and Ritika were partners in a firm sharing profits and losses in the ratio of 5: 3: 2. From 1st April, 2025 they…2026
Sanjay and Vijay were partners in a firm sharing profits and losses in the ratio of 4: 3. On 1st April, 2025 they admitted Babul…2026
Jim and Joy were partners in a firm sharing profits and losses equally. On 1st April, 2024, they admitted John as a new partner…2025
Akhil, Bajrang and Chin ray were partners in a firm sharing profits and losses in the ratio of 5: 3: 2. Dilawar was admitted as a…2025
Rajat and Samar were partners in a firm sharing profits and losses in the 2 ratio of 5: 3. Tarun was admitted as a new partner…2025
P, Q and R were partners in a firm sharing profits and losses in the ratio 1th share in the profits of 3: 5: 2. S was admitted as…2025
A, B and C were partners in a firm sharing profits and losses in the ratio 1th of 5: 3: 2. D was admitted as a new partner for…2025
Rakesh and Somesh were partners in a firm sharing profits and losses in § the ratio of 2: 3. Moksh was admitted as a new partner…2025
Amen, Boman and Chetan were partners in a firm sharing profits and losses in the ratio of 5: 3: 2. Dinesh was admitted as a new…2025
Aron, Bashir and Joseph were partners in a firm sharing profits and losses in the ratio of 5: 3: 2. They admitted Daksh as a new…2025
Pooja and Kumari were partners in a firm sharing profits and losses in the ratio of 2: 1. On 1st April, 2023, Noori was admitted…2025
D, E and F were partners in a firm sharing profits and losses in the ratio 1th share in the profits of 2: 3: 5. G was admitted as…2025
Ram and Shyam were partners in a firm sharing profits and losses in the 1th ratio of 5: 3. Mohan was admitted as a new partner…2025
A, B and C were partners in a firm sharing profits and losses in the ratio of 8: 5: 3. It was decided that with effect from 1st…2025
Rani, Maharani and Laxmi were partners in a firm sharing profits and losses in the ratio of 3: 3: 2. On 1st April, 2024 they…2025
Uma and Veena were partners in a firm sharing profits and losses in the ratio of 4: 5. On 1st April, 2024 they decided to admit…2025
Misha, Sarita and Isha were partners in a firm sharing profits and losses in the ratio of 3: 2: 1. With effect from 1st April…2025
Suhas and Vilas were partners in a firm with capitals of ₹ 4,00,000 and 1th ₹ 3,00,000 respectively. They admitted Prabhas as a…2025
Pulkit and Ravinder were partners in a firm sharing profits and losses in the 1th ratio of 3: 2. Sikander was admitted as a new…2025
Kartik, Inder and Lalit were partners in a firm sharing profits and losses in the ratio of 4: 3: 2. With effect from 1st April,…2025
Nandan and Abhinandan were partners in a firm. They admitted Govindan as a new partner for 1/3rd share in the profits. On…2025
Nita, Vidur and Miter were partners in a firm sharing profits and losses in the ratio of 3: 4: 1. On 1st April 2024, they decided…2025
Prakhar and Rajan were partners in a firm sharing profits and losses in 2 2 the ratio of 3: 2 with capitals of ₹ 10,00,000 and ₹…2025
Uma and Veena were partners in a firm sharing profits and losses in the ratio of 4: 5. On 1st April, 2024 they decided to admit…2025
Kabir and Lara were partners in a firm sharing profits and losses in the.2 ratio of 5: 3. Mark was admitted as a new partner for…2025
Modish and Pram were partners in a firm sharing profits and losses in the ratio of 1: 2. Their capitals were ₹ 5,00,000 and ₹…2025
Suhas and Vilas were partners in a firm with capitals of ₹ 4,00,000 and 1th t 3, 00,000 respectively. Th ey admitted Prabhas as a…2025
A, B and C were partners in a firm sharing profits and losses in the ratio of 8: 5: 3. It was decided that with effect from 1st…2025
John and Harry were partners in a firm sharing profits and losses in the ratio of 2: 1. On 1st April, 2023, they admitted Dinesh…2025
Jayant, Vijayant and Anant were partners in a firm sharing profits and losses in the ratio of 3: 2: 1. With effect from 1st…2025
Kajal and Laura were partners in a firm sharing profits and losses in the 1th ratio of 5: 3. They admitted Maddy for - share in…2025
Neeru and Pooja were partners in a partnership firm sharing profits and losses in the ratio of 4: 3. The firm earned average…2025
Kajal and Laura were partners in a firm sharing profits and losses in the 1th ratio of 5: 3. They admitted Maddy for - share in…2025
Kabir and Lara were partners in a firm sharing profits and losses in the 2. ratio of 5: 3. Mark was admitted as a new partner for…2025
Neeru and Pooja were partners in a partnership firm sharing profits and losses in the ratio of 4: 3. The firm earned average…2025
Pulkit and Ravinder were partners in a firm sharing profits and losses in 1th the ratio of 3: 2. Sikander was admitted as a new…2025
Prakhar and Rajan were partners in a firm sharing profits and losses in the ratio of 3: 2 with capitals of ₹ 10,00,000 and ₹…2025
Neeru and Pooja were partners in a partnership firm sharing profits and losses in the ratio of 4: 3. The firm earned average…2025
Kartik, Inder and Lalit were partners in a firm sharing profits and losses in the ratio of 4: 3: 2. With effect from 1st April,…2025
Misha, Sarita and Isha were partners in a firm sharing profits and losses in the ratio of 3: 2: 1. With effect from 1st April…2025
Jim and Joy were partners in a firm sharing profits and losses equally. On 1st April, 2024, they admitted John as a new partner…2025
Rani, Maharani and Laxmi were partners in a firm sharing profits and losses in the ratio of 3: 3: 2. On 1st April, 2024 they…2025
Suhas and Vilas were partners in a firm with capitals of ₹ 4,00,000 and 1th ₹ 3,00,000 respective y. l They admitted Prabhas as a…2025
Modish and Pram were partners in a firm sharing profits and losses in the ratio of 1: 2. Their capitals were ₹ 5,00,000 and ₹…2025
Nandan and Abhinandan were partners in a firm. They admitted Govindan as a new partner for 1/3rd share in the refits. On…2025
Kajal and Laura were partners in a firm sharing profits and losses in the 1th ratio of 5: 3. They admitted Maddy for - share in…2025
Kabir and Lara were partners in a firm sharing profits and losses in the Z th ratio of 5: 3. Mark was admitted as a new partner…2025
Prakhar and Rajan were partners in a firm sharing profits and losses in 2 2 the ratio of 3: 2 with capitals of ₹ 10,00,000 and ₹…2025
Nita, Vidur and Miter were partners in a firm sharing profits and losses in the ratio of 3: 4: 1. On 1st April 2024, they decided…2025
Jayant, Vijayant and Anant were partners in a firm sharing profits and losses in the ratio of 3: 2: 1. With effect from 1st…2025
John and Harry were partners in a firm sharing profits and losses in the ratio of 2: 1. On 1st April, 2023, they admitted Dinesh…2025
John and Harry were partners in a firm sharing profits and losses in the ratio of 2: 1. On 1st April, 2023, they admitted Dinesh…2025
Pulkit and Ravinder were partners in a firm sharing profits and losses in the 1th ratio of 3: 2. Sikander was admitted as a new…2025
Anisha, Deepa and Charu were partners sharing profits and losses in the ratio of 5: 3: 2. On 31st March, 2024, they decided to…2025
Misha, Sarita and Isha were partners in a firm sharing profits and losses in the ratio of 3: 2: 1. With effect from 1st April…2025
Pooja and Kumari were partners in a firm sharing profits and losses in the ratio of 2: 1. On 1st April, 2023, Noori was admitted…2025
Anisha, Deepa and Charu were partners sharing profits and losses in the ratio of 5: 3: 2. On 31st March, 2024, they decided to…2025
Pooja and Kumari were partners in a firm sharing profits and losses in the ratio of 2: 1. On 1st April, 2023, Noori was admitted…2025
Rani, Maharani and Laxmi were partners in a firm sharing profits and losses in the ratio of 3: 3: 2. On 1st April, 2024 they…2025
Uma and Veena were partners in a firm sharing profits and losses in the ratio of 4: 5. On 1st April, 2024 they decided to admit…2025
Nandan and Abhinandan were partners in a firm. They admitted Govindan as a new partner for 1/3rd share in the profits. On…2025
A, B and C were partners in a firm sharing profits and losses in the ratio of 8: 5: 3. It was decided that with effect from 1st…2025
Jayant, Vijayant and Anant were partners in a firm sharing profits and losses in the ratio of 3: 2: 1. With effect from 1st…2025
Kartik, Inder and Lalit were partners in a firm sharing profits and losses in the ratio of 4: 3: 2. With effect from 1st April,…2025
Anisha, Deepa and Charu were partners sharing profits and losses in the ratio of 5: 3: 2. On 31St= March, 2024, they decided to…2025
Nita, Vidur and Miter were partners in a firm sharing profits and losses in the ratio of 3: 4: 1. On 1st April 2024, they decided…2025
Sona and Mona were partners in a firm sharing profits and losses in the ratio of 4: 3. On 1st April, 2024, they admitted Leena as…2025
Ajay and Parth were partners in a firm sharing profits and losses in the ratio of 2: 1. On 1st April, 2024, they admitted Vinod…2025
Sameer and Sohan were partners in a firm sharing profits and losses in the ratio of 4: 3. On 1st April, 2024, they admitted…2025
Jim and Joy were partners in a firm sharing profits and losses equally. On 1st April, 2024, they admitted John as a new partner…2025
Modish and Pram were partners in a firm sharing profits and losses in the ratio of 1: 2. Their capitals were ₹ 5,00,000 and ₹…2025
Bhawana and Vedika were partners in a firm sharing profits and losses in the ratio of 5: 4. From 1st April, 2024 they decided to…2025
Anubha and Yuvika were partners in a firm sharing profits and losses in the ratio of 3: 2. From 1st April 2024, they decided to…2025
Alok, Sameer and Tushar were partners in a firm sharing profits and losses in the ratio of 4: 3: 2. With effect from 1st April,…2025
Aman, Suman and Tanvi were partners in a firm sharing profits and losses in the ratio of 9: 8: 7. They decided to share future…2025
Nishu, Rishu and Kishu were partners in a firm sharing profits and losses in the ratio of 8: 7: 5. They decided to share future…2025
Rambha and Urvashi were partners in a firm sharing profits and losses in the ratio of 13: 12. From 1st April, 2024, they decided…2025
Abha and Sara were partners in a firm. Their capitals were: Abha ₹ 3,00,000 and Sara ₹ 2,00,000. The normal rate of return in…2025
Sudhir and Balbir were partners in a firm sharing profits and losses in the ratio of 5: 4. The following is the extract of their…2025
Vinay and Pankaj were partners in a firm sharing profits and losses in the ratio of 3: 2. The following is the extract of their…2025
The firm of Amish, British and Misha, who have been sharing profits in the ratio of 2: 2: 1, have existed for some years. Misha…2025
Rocky and Vicky were partners in a firm sharing profits and losses in the ratio of 4: 3. On 1st April, 2024 Shivay was admitted…2025
The firm of Amish, British and Misha, who have been sharing profits in the ratio of 2: 2: 1, have existed for some years. Misha…2025
Bharat and Ishu were partners in a firm sharing profits and losses in the ratio of 4: 1. Rishab was admitted into partnership for…2025
Sunny and Ujjwal were partners in a firm sharing profits and losses in the ratio of 3: 2. On 1st April, 2024 Timmy was admitted…2025
Jeevan and Kavi were partners in a firm with capitals of 12,00,000 and 15,00,000 respectively. Annual salary of the partners was…2025
Abha and Sara were partners in a firm. Their capitals were: Abha 3,00,000 and Sara ₹ 2,00,000. The normal rate of return in…2025
Vishal and Pulkit were partners in a firm sharing profits and losses in the ratio of 7: 3. The following is the extract of their…2025
Bharat and Ishu were partners in a firm sharing profits and losses in the ratio of 4: 1. Rishab was admitted into partnership for…2025
Jeevan and Kavi were partners in a firm with capitals of 12,00,000 and ₹ 15,00,000 respectively. Annual salary of the partners…2025
Luv and Kush were partners in a firm sharing profits and losses in the ratio of 5: 4. On 1st April, 2024, Rishi was admitted as a…2025
Bharat and Ishu were partners in a firm sharing profits and losses in the ratio of 4: 1. Rishab was admitted into partnership for…2025
Abha and Sara were partners in a firm. Their capitals were: 2 2 Abha 3,00,000 and Sara ₹ 2,00,000. The normal rate of return in…2025
The firm of Amish, British and Misha, who have been sharing profits in the ratio of 2: 2: 1, have existed for some years. Misha…2025
Aman, Govind and Guru were partners in a firm sharing profits and losses in the ratio of 3: 2: 1. Sudarshan was admitted for th…2025
Jeevan and Kavi were partners in a firm with capitals of 12,00,000 and 15,00,000 respectively. Annual salary of the partners was…2025
Aman, Govind and Guru were partners in a firm sharing profits and l th losses in the ratio of 3: 2: 1. Sudarshan was admitted for…2025
The capital of the firm of Sumit and Ashy is ₹ 20.00.000 and the market rate of interest is 1'2.%. Salary of each partner is ₹…2025
The capital of the firm of Rajat and Karan is ₹ 15,00,000 and the market rate of interest is 12%. Annual salary of Rajat and…2025
Aman, Govind and Guru were partners in a firm sharing profits and 1th losses in the ratio of 3: 2: 1. Sudarshan was admitted for…2025
The capital of the firm of Seema and Avi is ₹ 12.00.000 and the market rate of interest is 10%. Salary of each partner is ₹…2025
Kishore and Ranjan were partners in a firm sharing profits and losses in the ratio of 3: 2. On 1st April, 2024, their Balance…2025
Uma and Umesh were partners in a firm sharing profits and losses in the ratio of 2: 3. On 31st March, 2024, their Balance Sheet…2025
Bittu and Chintu were partners in a firm sharing profit and losses in the ratio of 4: 3. Their Balance Sheet as at 31st March,…2025
Atharv and Anmol were partners in a firm sharing profits and losses in the ratio of 5: 2. Their Balance Sheet as at 31st March,…2025
Kishore and Ranjan were partners in a firm sharing profits and losses in the ratio of 3: 2. On 1st April, 2024, their Balance…2025
Uma and Umesh were partners in a firm sharing profits and losses in the ratio of 2: 3. On 31st March, 2024, their Balance Sheet…2025
Kishore and Ranjan were partners in a firm sharing profits and losses in the ratio of 3: 2. On 1st April, 2024, their Balance…2025
Atharv and Anmol were partners in a firm sharing profits and losses in the ratio of 5: 2. Their Balance Sheet as at 31st March,…2025
Bittu and Chintu were partners in a firm sharing profit and losses in the ratio of 4: 3. Their Balance Sheet as at 31st March,…2025
Uma and Umesh were partners in a firm sharing profits and losses in the ratio of 2: 3. On 31st March, 2024, their Balance Sheet…2025
Aryan and Adya were partners in a firm sharing profits and losses in the ratio of 3: 1. Their Balance Sheet on 31st March, 2024…2025
Bittu and Chintu were partners in a firm sharing profit and losses in the ratio of 4: 3. Their Balance Sheet as at 31st March,…2025
Aryan and Adya were partners in a firm sharing profits and losses in the ratio of 3: 1. Their Balance Sheet on 31st March, 2024…2025
Atharv and Anmol were partners in a firm sharing profits and losses in the ratio of 5: 2. Their Balance Sheet as at 31st March,…2025
Aryan and Adya were partners in a firm sharing profits and losses in the ratio of 3: 1. Their Balance Sheet on 31st March, 2024…2025
Atul, Beena and Sita were partners in a firm sharing profits and losses in the ratio of 8: 7: 5. Damini was admitted as a new…2024
Dan, Elf and Furhan were partners in a firm sharing profits in the ratio of 5: 3: 2. With effect from 1st April, 2023, they…2024
Bhim, Arjun and Nakul were partners in a firm sharing profits and losses in the ratio of 4: 3: 3. With effect from 1st April,…2024
Assertion: In a partnership firm, at the time of admission, the new partner brings in an agreed amount of capital either in cash…2024
Piyush, Rajesh and Avinash were partners in a firm sharing profits and losses equally. Shiva was admitted as a new partner for an…2024
Seema and Laksh were partners in a firm sharing profits and losses in the ratio of 2: 1. Their capitals were ₹ 2,00,000 and ₹…2024
Gupta and Sharma are partners in a firm sharing profit in the ratio of 4:1. They admitted Preeti as a new partner for 1/4th share…2024
Alex, Benn and Cole were partners in a firm sharing profits and losses in 1th the ratio of 5: 3: 2. They admitted Dona as a new…2024
A, B and C were partners in a firm sharing profits and losses in the ratio 1 1 1... 1th of -: -: -. D was admitted in the firm…2024
Gupta and Sharma are partners in a firm sharing profit in the ratio of 4:1. They admitted Preeti as a new partner for 1/4th share…2024
Ashu and Basu are partners sharing profits and losses in the ratio of 1th 2: 1. Chetan is admitted as a new partner with share in…2024
Bhim, Arjun and Nakul were partners in a firm sharing profits and losses in the ratio of 4: 3: 3. With effect from 1st April,…2024
Atul, Beena and Sita were partners in a firm sharing profits and losses in the ratio of 8: 7: 5. Damini was admitted as a new 1th…2024
Piyush, Rajesh and Avinash were partners in a firm sharing profits and losses equally. Shiva was admitted as a new partner for an…2024
Manas and Ranvir are partners in a firm having capital balances of ₹ 1,20,000 and ₹ 80,000 respectively. Sanju is admitted as a…2024
Geeta and Hari were partners in a firm sharing profits and losses in the 1th ratio of 3: 2. Krish was admitted as a new partner…2024
Atul, Beena and Sita were partners in a firm sharing profits and losses in the ratio of 8: 7: 5. Damini was admitted as a new 1th…2024
Alex, Benn and Cole were partners in a firm sharing profits and losses in 1th the ratio of 5: 3: 2. They admitted Dona as a new…2024
Kishore and Bimal are partners in a firm sharing profits and losses in the ratio of 4: 3. Nand is admitted as a new partner in…2024
Manu, Sonu and Rahul were partners in a firm sharing profits and losses in the ratio of 4: 3: 2. With effect from 1st April,…2024
Bhim, Arjun and Nakul were partners in a firm sharing profits and losses in the ratio of 4: 3: 3. With effect from 1st April,…2024
Isha and Manish were partners in a firm sharing profits and losses in the ratio of 3: 2. With effect from 1st April, 2023, they…2024
Isha and Manish were partners in a firm sharing profits and losses in the ratio of 3: 2. With effect from 1st April, 2023, they…2024
Kishore and Bimal are partners in a firm sharing profits and losses in the ratio of 4: 3. Nand is admitted as a new partner in…2024
Ashu and Basu are partners sharing profits and losses in the ratio of 1th 2: 1. Chetan is admitted as a new partner with share in…2024
Dan, Elf and Furhan were partners in a firm sharing profits in the ratio of 5: 3: 2. With effect from 1st April, 2023, they…2024
Gupta and Sharma are partners in a firm sharing profit in the ratio of 4:1. They admitted Preeti as a new partner for 1/4th share…2024
Hema and Tara were partners in a firm sharing profits and losses in the ratio of 2: 3. They admitted Ojas as a new partner. Hema…2024
Piyush, Rajesh and Avinash were partners in a firm sharing profits and losses equally. Shiva was admitted as a new partner for an…2024
Manas and Ranvir are partners in a firm having capital balances of ₹ 1,20,000 and ₹ 80,000 respectively. Sanju is admitted as a…2024
Aditi and Saurabh were partners in a firm sharing profits and losses in the ratio of 211. On 1st April, 2022 their capitals were…2024
Hema and Tara were partners in a firm sharing profits and losses in the ratio of 2: 3. They admitted Ojas as a new partner. Hema…2024
Assertion: In a partnership firm, at the time of admission, the new partner brings in an agreed amount of capital either in cash…2024
Seema and Laksh were partners in a firm sharing profits and losses in the ratio of 2: 1. Their capitals were ₹ 2,00,000 and ₹…2024
Manu, Sonu and Rahul were partners in a firm sharing profits and losses in the ratio of 4: 3: 2. With effect from 1st April,…2024
Manas and Ranvir are partners in a firm having capital balances of ₹ 1,20,000 and ₹ 80,000 respectively. Sanju is admitted as a…2024
A, B and C were partners in a firm sharing profits and losses in the ratio 111... 1th.. of -: -: -. D was admitted in the firm…2024
Isha and Manish were partners in a firm sharing profits and losses in the ratio of 3: 2. With effect from 1st April, 2023, they…2024
Geeta and Hari were partners in a firm sharing profits and losses in the 1th ratio of 3: 2. Krish was admitted as a new partner…2024
A, B and C were partners in a firm sharing profits and losses in the ratio 1 1 1... 1th.. of §: g: E. D was admitted in the firm…2024
Dan, Elf and Furhan were partners in a firm sharing profits in the ratio of 5: 3: 2. With effect from 1st April, 2023, they…2024
Seema and Laksh were partners in a firm sharing profits and losses in the ratio of 2: 1. Their capitals were ₹ 2,00,000 and ₹…2024
Kishore and Bimal are partners in a firm sharing profits and losses in the ratio of 4: 3. Nand is admitted as a new partner in…2024
Geeta and Hari were partners in a firm sharing profits and losses in the 1th ratio of 3: 2. Krish was admitted as a new partner…2024
Hema and Tara were partners in a firm sharing profits and losses in the ratio of 2: 3. They admitted Ojas as a new partner. Hema…2024
Alex, Benn and Cole were partners in a firm sharing profits and losses in 1th the ratio of 5: 3: 2. They admitted Dona as a new…2024
Ashu and Basu are partners sharing profits and losses in the ratio of 1th 2: 1. Chetan is admitted as a new partner with share in…2024
Manu, Sonu and Rahul were partners in a firm sharing profits and losses in the ratio of 4: 3: 2. With effect from 1st April,…2024
Assertion: In a partnership firm, at the time of admission, the new partner brings in an agreed amount of capital either in cash…2024
Reeha, nee nu and Sara were partners in a partnership firm sharing profits and losses in the ratio of 2:2:1. With effect from 1st…2024
Mehak, Ambush and Anshu were partners in a firm sharing profits and losses in the ratio of 5:3:2. With effect from 1st April,…2024
Nita, Mita and Kazan were partners in a firm sharing profits and losses in the ratio of 4:3:3. With effect from 1st April, 2023,…2024
Mahesh, Ramesh and Naresh were partners in a firm sharing profits in the ratio of 5: 3: 2. From 1st April, 2023, they decided to…2024
Mahesh, Ramesh and Naresh were partners in a firm sharing profits in the ratio of 5: 3: 2. From 1st April, 2023, they decided to…2024
Rishi and Suman were partners in a firm. Their capitals were: Rishi ₹ 1,20,000 and Suman ₹ 80,000. The normal rate of return in…2024
Aayush and Krish are partners sharing profits and losses equally. They decided to admit Vanish for an equal share in the profits.…2024
Pearl and Ruby were partners in a firm with a combined capital of ₹ 2,50,000. The normal rate of return was 10%. The profits of…2024
Norah and Mallika were partners in a firm with a combined capital of ₹ 2,00,000. The normal rate of return was 10%. The profits…2024
Soham, Ashish, Vishesh and Rashi were partners in a firm sharing profits and losses in the ratio of 4: 3: 2: 1. With effect from…2024
The average profit for the last five years of a firm was ₹ 20,000. The normal rate of return in a similar business is 8%.…2024
Anu, Manu, Sonu and Rohan were partners in a firm sharing profits and losses in the ratio of 1: 2: 1: 2. With effect from 1st…2024
The average profit for last five years of a firm of Suman and Dhawan was ₹ 6,00,000. The normal rate of return in a similar…2024
Madhu, Raj, Atul and Prachi were partners in a firm sharing profit and losses in the ratio of 3: 2: 4: 1. With effect from 1st…2024
Pran and Ron were partners in a firm with a combined capital of ₹ 3,00,000. The normal rate of return was 15%. The profits of the…2024
Aayush and Krish are partners sharing profits and losses equally. They decided to admit Vanish for an equal share in the profits.…2024
Mahesh, Ramesh and Naresh were partners in a firm sharing profits in the ratio of 5: 3: 2. From 1st April, 2023, they decided to…2024
Aayush and Krish are partners sharing profits and losses equally. They decided to admit Vanish for an equal share in the profits.…2024
Sunny and Rohan were partners in a firm sharing profits and losses in the ratio of 2: 1. Their books showed that the capital…2024
On 1st April, 2023, the books of the firm of Kashish and Sagar showed assets of ₹ 9,00,000 including cash of ₹ 32,000 and bank…2024
A business earned an average profit of ₹ 4,00,000 during the last few years. The normal rate of profit in the similar type of…2024
On 1st April, 2023, the books of a partnership firm showed assets of ₹ 5,00,000 including cash of ₹ 23,000 and bank balance of ₹…2024
Maira and Shreya were partners in a firm. They earned an average profit of ₹ 2,00,000 during the last few years. The normal rate…2024
On 1st April, 2023, a partnership firm had assets of ₹ 2,00,000 including cash of ₹ 6,000 and bank balance of ₹ 14,000. The…2024
Frank, George and Hemant were partners in a firm sharing profits in the ratio of 5: 3: 2. They decided to change their profit…2024
Frank, George and Hemant were partners in a firm sharing profits in the ratio of 5: 3: 2. They decided to change their profit…2024
Frank, George and Hemant were partners in a firm sharing profits in the ratio of 5: 3: 2. They decided to change their profit…2024
Anikesh and Bhavesh are partners in a firm sharing profits in the ratio of 7:3. Their Balance Sheet as on 31st March, 2023 was as…2024
Anikesh and Bhavesh are partners in a firm sharing profits in the ratio of 7:3. Their Balance Sheet as on 31st March, 2023 was as…2024
Anikesh and Bhavesh are partners in a firm sharing profits in the ratio of 7:3. Their Balance Sheet as on 31st March, 2023 was as…2024
Shubhi and Revanshi were partners in a firm sharing profits and losses in the ratio of 3: 2. Their Balance Sheet as at 31st…2024
Sarah and Varsha were partners in a firm sharing profits and losses in the ratio of 3: 2. Their Balance Sheet as at 31st March,…2024
Sanju and Manju were partners in a firm sharing profits and losses in the ratio of 3: 2. Their Balance Sheet on 31st March, 2023…2024
Sanju and Manju were partners in a firm sharing profits and losses in the ratio of 3: 2. Their Balance Sheet on 31st March, 2023…2024
Sanju and Manju were partners in a firm sharing profits and losses in the ratio of 3: 2. Their Balance Sheet on 31st March, 2023…2024
Shubhi and Revanshi were partners in a firm sharing profits and losses in the ratio of 3: 2. Their Balance Sheet as at 31st…2024
Sarah and Varsha were partners in a firm sharing profits and losses in the ratio of 3: 2. Their Balance Sheet as at 31st March,…2024
Sarah and Varsha were partners in a firm sharing profits and losses in the ratio of 3: 2. Their Balance Sheet as at 31st March,…2024
Shubhi and Revanshi were partners in a firm sharing profits and losses in the ratio of 3: 2. Their Balance Sheet as at 31st…2024
Net Assets minus capital reserve is: OR When a company issues shares at a premium, the company can collect securities premium…2023
Manas and Mili are partners in a firm sharing profits in the ratio of 3: 2. Anita is admitted as a new partner for 1/4 h share in…2023
Keshav and Karan were partners in a firm sharing profits equally. The capitalised value of average profits of the firm was ₹…2023
Yuvraj and Yogesh were partners in a firm sharing profits in the ratio of 2: 1. They admitted Yogita as a new partner for 1/5th…2023
Nita and Samar are partners in a firm sharing profits in the ratio of 3: 2. Their fixed capitals were ₹ 90,000 and ₹ 2,10,000…2023
Ria and Surbhi were partners in a firm sharing profits and losses in the ratio of 3: 2. With effect from 1st April, 2022, they…2023
Rohit and Mohit were partners sharing profits and losses in the ratio of 2:1. Their capital accounts as on 31.3.2021 had a credit…2023
Rohit and Mohit were partners sharing profits and losses in the ratio of 2:1. Their capital accounts as on 31.3.2021 had a credit…2023
Net Assets minus capital reserve is: OR When a company issues shares at a premium, the company can collect securities premium…2023
Akshita and Anurag are partners in a firm sharing profits in the ratio of 2: 1. Akshat is admitted in the firm with 1/3 share in…2023
Keshav and Karan were partners in a firm sharing profits equally. The capitalised value of average profits of the firm was ₹…2023
Keshav and Karan were partners in a firm sharing profits equally. The capitalised value of average profits of the firm was ₹…2023
Assertion: Goodwill is a intangible asset. Reason (R): Goodwill is the value of the reputation of a firm in respect of profits…2023
L, M and N are partners sharing profits in the ratio of 5: 3: 2. They decided to share profits equally with effect from 1st…2023
Indu, Vijay and Pawan were partners in a firm sharing profits in the ratio of 4: 3: 3. They admitted Subhash into partnership…2023
Indu, Vijay and Pawan were partners in a firm sharing profits in the ratio of 4: 3: 3. They admitted Subhash into partnership…2023
Vikram and Sumit were partners in a firm sharing profits and losses in the ratio of 2: 1. The capitals of Vikram and Sumit after…2023
L, M and N are partners sharing profits in the ratio of 5: 3: 2. They decided to share profits equally with effect from 1st…2023
Assertion: Goodwill is a intangible asset. Reason (R): Goodwill is the value of the reputation of a firm in respect of profits…2023
A partnership firm has four partners. How many additional partners can be admitted into the business as per the provisions of the…2023
Ria and Surbhi were partners in a firm sharing profits and losses in the ratio of 3: 2. With effect from 1st April, 2022, they…2023
A partnership firm has four partners. How many additional partners can be admitted into the business as per the provisions of the…2023
Assertion: Goodwill is a intangible asset. Reason (R): Goodwill is the value of the reputation of a firm in respect of profits…2023
The goodwill of a firm was valued on the basis of 3 years purchase of average profits for the last four years. The profits of…2023
A partnership firm has four partners. HOW many additional partners can be admitted into the business as per the provisions of the…2023
Vikram and Sumit were partners in a firm sharing profits and losses in the ratio of 2: 1. The capitals of Vikram and Sumit after…2023
Average capital employed in a firm is ₹ 1,60,000. The normal rate of return is 15% and its average profits are ₹ 60,000. Value of…2023
L, M and N are partners sharing profits in the ratio of 5: 3: 2. They decided to share profits equally with effect from 1st…2023
Average capital employed in a firm is ₹ 3,00,000. The normal rate of return in the business is 20% and the {arm's average profits…2023
Rhythm Ltd. took over assets of ₹ 30,00,000 and liabilities of ₹ 12,00,000 of Shyam Ltd. for a purchase consideration of ₹…2023
Net Assets minus capital reserve is: OR When a company issues shares at a premium, the company can collect securities premium…2023
Rohit and Mohit were partners sharing profits and losses in the ratio of 2:1. Their capital accounts as on 31.3.2021 had a credit…2023
Isha and Naman were partners in a firm sharing profits and losses in the ratio of 2: 3. With effect from 1st April, 2022 they…2023
On admission of a new partner, the old partners share the gain or loss on revaluation of assets and reassessment of liabilities…2023
Ria and Surbhi were partners in a firm sharing profits and losses in the ratio of 3: 2. With effect from 1st April, 2022, they…2023
Akshita and Anurag are partners in a firm sharing profits in the ratio of 2: 1. Akshat is admitted in the firm with 1/3 share in…2023
A partnership firm has capital employed of ₹ 6,00,000. Its average profits are ₹ 80,000. The normal rate of return in similar…2023
Indu, Vijay and Pawan were partners in a firm sharing profits in the ratio of 4: 3: 3. They admitted Subhash into partnership…2023
The goodwill of a firm was valued on the basis of 3 years purchase of average profits for the last four years. The profits of…2023
On admission of a new partner, the old partners share the gain or loss on revaluation of assets and reassessment of liabilities…2023
Aditi and Bobby were partners with capitals of ₹ 30,000 each. They 1 share in the profits of the firm. admitted Chetan as a new…2023
On admission of a new partner, the old partners share the gain or loss on revaluation of assets and reassessment of liabilities…2023
The goodwill of a firm was valued on the basis of 3 years purchase of average profits for the last four years. The profits of…2023
Mehak and Chehak were partners with capitals of ₹ 40,000 each. They admitted Aadi as a new partner for 1/5 share in the profits…2023
Niti and Aditi were partners in a firm sharing profits and losses in the 1th share in the ratio of 2: 3. They admitted John into…2023
Aayush and Aarushi are partners sharing profits and losses in the ratio of 3: 2. They admitted Naveen into partnership for 1/4 h…2023
Rohit and Mohit were partners in a firm sharing profits and losses in the 1 share in profits. ratio of 3: 2. Rahul was admitted…2023
Mahesh and Suresh were partners in a firm sharing profits and losses in 1th the ratio of 2: 1. They decided to admit Nita into…2023
Mita, Geeta and Mohit were partners in a firm sharing profits and losses in the ratio of 5:3:2. With effect from 1st April, 2022,…2023
Isha, Surbhi, Naman and Manya were partners in a firm sharing profits and losses in the ratio of 4: 3: 2: 1. They decided to…2023
Miter, Geeta and Mohit were partners in a firm sharing profits and losses in the ratio of 5:3:2. With effect from 1st April,…2023
Sangeeta, Deepa, Ajay and Lalit were partners in a firm sharing profits and losses in the ratio of 3: 2: 4: 1. They decided to…2023
Aayush and Aarushi are partners sharing profits and losses in the ratio of 3: 2. They admitted Naveen into partnership for l/4th…2023
Anu, Manu, Tanu and Kanu were partners in a firm sharing profits and losses in the ratio of 2: 1: 2: 1. They decided to share…2023
On 1st April, 2022, the capital of the firm of Ashu and Madhav is ₹ 1,50,000. The normal rate of return on capital employed is…2023
Aayush and Aarushi are partners sharing profits and losses in the ratio of 3: 2. They admitted Naveen into partnership for 1/4th…2023
On 1st April, 2022, the capital of the firm of Ashu and Madhav is ₹ 1,50,000. The normal rate of return on capital employed is…2023
Miter, Geeta and Mohit were partners in a firm sharing profits and losses in the ratio of 5:3:2. With effect from 1st April,…2023
On 1st April, 2022, the capital of the firm of Ashu and Madhav is ₹ 1,50,000. The normal rate of return on capital employed is…2023
Vanshika and Shikha were partners in a firm with capitals of ₹ 1,00,000 and ₹ 80,000 respectively. They admitted Nisha on 1st…2023
A and B are partners in a firm sharing profits in the ratio of 3: 2. C is 1 share in profits. The total capital of the firm…2023
Yuv and Veer were partners in a firm sharing profits and losses in the ratio of 3: 1. Their Balance Sheet as on 31st March, 2022…2023
On 31st March, 2022 the Balance Sheet of partners A and B, who were sharing profits in the ratio of 3: 2 was as follows: Balance…2023
On 31st March, 2022 the Balance Sheet of partners A and B, who were sharing profits in the ratio of 3: 2 was as follows: Balance…2023
Yuv and Veer were partners in a firm sharing profits and losses in the ratio of 3: 1. Their Balance Sheet as on 31st March, 2022…2023
Bhumi and Chavi were partners in a firm sharing profits and losses in the ratio of 5: 3. They admitted Aditi in the firm on 1st…2023
Bhumi and Chavi were partners in a firm sharing profits and losses in the ratio of 5: 3. They admitted Aditi in the firm on 1st…2023
Madhav and Girdhari were partners in a firm sharing profits and losses in the ratio of 3:1. Their balance sheet as at 31" March,…2023
On 31st March, 2022 the Balance Sheet of partners A and B, who were sharing profits in the ratio of 3: 2 was as follows: Balance…2023
Yuv and Veer were partners in a firm sharing profits and losses in the ratio of 3: 1. Their Balance Sheet as on 31st March, 2022…2023
Madhav and Girdhari were partners in a firm sharing profits and losses in the ratio of 3:1. Their balance sheet as at 31" March,…2023
Madhav and Girdhari were partners in a firm sharing profits and losses in the ratio of 3:1. Their balance sheet as at 31st March,…2023
Bhumi and Chavi were partners in a firm sharing profits and losses in the ratio of 5: 3. They admitted Aditi in the firm on 1st…2023

Answers come from CBSE’s own marking schemes. How we source them.